CATHIE WOOD CUTS BITCOIN BULL CASE ON STABLECOIN GROWTH Ark Invest’s Cathie Wood has lowered her most bullish bitcoin forecast, citing the rapid rise of stablecoins. She now sees bitcoin reaching $1.2 million by 2030, down from $1.5 million, as stablecoins take on roles she once expected bitcoin to fill — particularly in emerging markets and payments. Wood said stablecoins are “scaling much faster than anyone expected,” but she remains bullish on bitcoin’s long-term outlook, pointing to growing institutional adoption and its role as a new global monetary system.